Glossary – L
- Labour cost
- Labour force
- Labour income
- Labour input
- Labour price
- Labour productivity
- Labour share
- Land
- Land cover
- Land use
- Laspeyres index
- Laspeyres price index
- Laspeyres volume index
- Legal ownership
- Liabilities
- Licenses and permits
- Life insurance and pensions
- Linking
- Link-level industry
- Litre of absolute alcohol
- Loans
- Local general government
- Local government
- Location
Term | Definition |
---|---|
Labour cost | See total labour compensation. |
Labour force | The civilian non-institutional population 15 years of age and over who are either employed or unemployed. Source: Human Resource Module of the Tourism Satellite Account, 2009, Catalogue no. 13-604, no. 66
French: Population active |
Labour income | Synonym of Compensation of employees. See also: Labour input Component of: Primary income
Composed of: Wages and salaries and Supplementary labour income Reference: Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547 Source: Source: Guide to the Income and Expenditure Accounts, Catalogue no. 13-017 French: Revenu du travail |
Labour input | Measures the services derived from labour and is obtained by aggregating the hours worked by all persons, classified by education and work experience with weights determined by their shares of labour compensation. See also: Productivity index Component of: Labour compensation (Labour cost)
Reference: About the productivity accounts Source: Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547 Notes: Synonym of labour factor French: Entrées de main-d'œuvre |
Labour price | The ratio of labour cost to labour input. See also: Productivity index |
Labour productivity | The ratio of output to hours worked. See also: Productivity index |
Labour share | Is equal to labour compensation divided by current dollar output. |
Land | Consists of the ground, including the soil covering and any associated surface waters, over which ownership rights are enforced and from which economic benefits can be derived by their owners by holding or using them. Component of: Natural resources, Non-produced non-financial assets
Source: System of National Accounts 2008, paragraph 10.175 French: Terrains |
Land cover | A description of the physical nature of the land's surface (urban built-up areas or mature forest, for example). Source: Concepts, Sources and Methods of the Canadian System of Environmental and Resources Accounts, Catalogue no. 16-505
French: Couverture terrestre |
Land use | A description of the use of land for commercial, non-commercial and ecological purposes. Source: Concepts, Sources and Methods of the Canadian System of Environmental and Resources Accounts, Catalogue no. 16-505
French: Utilisation des terres |
Laspeyres index | Index calculated by using the prices or volumes of a predetermined base period as weights. See also: Price deflation Reference: Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547
Source: Guide to the Income and Expenditure Accounts, Catalogue no. 13-017 French: Indice de Laspeyres |
Laspeyres price index | A weighted arithmetic average of price relatives using the values of the earlier period as weights. See also: Price deflation Component of: Price index
Reference: Guide to the Income and Expenditure Accounts, Catalogue no. 13-017 Source: Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547 French: Indice de prix de Laspeyres |
Laspeyres volume index | A weighted arithmetic average of quantity relatives using the values of the earlier period as weights. See also: Price deflation Reference: Guide to the Income and Expenditure Accounts, Catalogue no. 13-017
Source: Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547 French: Indice de volume de Laspeyres |
Legal ownership | The legal owner of entities such as goods and services, natural resources, financial assets and liabilities is the institutional unit entitled in law and sustainable under the law to claim the benefits associated with the entities. See also: Economic ownership Component of: Ownership
Source: System of National Accounts 2008, paragraph 17.300. Notes: Introduced with the Canadian System of National Accounts 2012 historical revision. French: Propriété légale |
Liabilities | A liability is established when one unit (the debtor) is obliged, under specific circumstances, to provide a payment or series of payments to another unit (the creditor). The most common circumstance in which a liability is established is a legally binding contract that specifies the terms and conditions of the payment(s) to be made and payment according to the contract is unconditional. Component of: Financial Account, National Balance Sheet Accounts
Source: System of National Accounts 2008, paragraph 3.33 French: Passif |
Licenses and permits | Payments by persons or households for licences to own or use vehicles, boats or aircraft and for licences for recreational hunting, shooting or fishing are treated as current taxes. Payments for all other kinds of licences (for example, driving or pilot's licences, television or radio licences, firearm licences, etc.) or fees to government (for example, payments for passports, airport fees, court fees, etc.) are treated as purchases of services rendered by governments. The boundary between taxes and purchases of services is based on the practices followed in the majority of countries. See also: Classification of government revenues and expenditures in Financial Management System, Catalogue no. 68F0023 Reference: Government Finance Statistics manual, 2001 (PDF, 884.23 KB)
Source: Organisation for Economic Cooperation and Development Glossary of Statistical Terms, paragraph 5200 and Government Finance Statistics manual, 2001, paragraphs 11451 and 11452. French: Licences et permis |
Life insurance and pensions | Life insurance includes insurance, on a contractual basis, for the following items: life assurance, (which covers assurance on survival to a stipulated age only, assurance on death only, assurance on survival to a stipulated age or an earlier death, life assurance with return of premiums, marriage assurance and birth assurance) annuities, supplementary insurance (insurance against personal injury and disability resulting from an accident or sickness), and permanent health insurance. Pension includes: payment made to a pension fund member (or dependants) after retirement. See also: Classification of Institutional Units by Sectors |
Linking | Also called chaining. Linking is a process of connecting two or more segments of a time series. For example, segments of a gross domestic product by industry series which relate to different base years. A continuous series is achieved by adjusting each base year segment to the next via multiplying by a correction factor (link). The correction factor is the ratio between gross domestic product in the new base year valued at new and old base year prices. Source: Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547
Notes: Synonym of chaining. French: Raccordement |
Link-level industry | The lowest level of industry aggregation which provides continuous gross domestic product series over long periods of time, extending across different versions of the industrial classification. Source: Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547
French: Industrie du niveau commun |
Litre of absolute alcohol | A litre of pure alcohol free of water. French: Litre d'alcool absolu
|
Loans | Financial claims that refer to direct lending of funds by creditors (lenders) to debtors (borrowers) through arrangements in which the lenders may or not receive a negotiable document or instrument. See also: Interest, Debt Component of: Financial assets
Reference: Canada's balance of payments, data quality, concepts and definitions, Catalogue no. 67-001; Canada's international investment position, Catalogue no. 67-202 Source: System of National Accounts 2008, paragraph 11.72 French: Prêts |
Local general government | A government whose legislative, judicial, and executive authority is restricted to the smallest geographic areas distinguished for administrative and political purposes. Such governments may or may not be entitled to levy taxes on resident citizens and resident institutional units or economic activities taking place in their areas. See also: Classification of Institutional Units by Sectors; About the government finance statistical program Component of: General government sector
Reference: Guide to the public sector of Canada, Catalogue no. 12-589 Source: Financial Management System, Catalogue no. 68F0023 Notes: This reflects the System of National Accounts 2008 definition. Prior to the Canadian System of National Accounts 2012 historical revision, the term represented the current definition of Local government. French: Administration publique générale locale |
Local government | The group of units consisting of all government units belonging to a local government and all non-market, non-profit institutions controlled and mainly financed by a local government. See also: Classification of Institutional Units by Sectors; About the government finance statistical program Component of: Local general government
Reference: Guide to the public sector of Canada, Catalogue no. 12-589 Source: Financial Management System, Catalogue no. 68F0023 Notes: This reflects the System of National Accounts 2008 definition. Prior to the Canadian System of National Accounts 2012 historical revision, the term represented the current definition of Local general government. French: Sous-secteur des administrations publiques locales |
Location | A producing unit at a single geographical location at which or from which economic activity is conducted and for which, at a minimum, employment data are available. |
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